SOURCE: Latitude Industries, Inc.

July 14, 2010 08:30 ET

Latitude Industries Closes Deal on Five Vessels This Month and Announces Upcoming Revenues

MIAMI, FL--(Marketwire - July 14, 2010) - Latitude Industries, Inc. (PINKSHEETS: LTDU) is pleased to announce this is a record breaking month for Latitude Industries. We are excited to finalize the deal on five vessels looking to record an estimated 250,000 dollars in revenues.

We are excited to see a lot of our hard work is starting to pay off based on our recent contract with our Mid-Atlantic distributor to ship 1 Latitude 35ss and 3 9' custom made Latitude Tenders. Furthermore we have also signed a retail purchase order for the sale of our Demo Latitude 35ss. Combined this means Latitude Industries has orders for 5 boats by the end of the month.

Latitude Industries has seen an increase in inquires in potential boat sales, as the marine industry has seen a recent positive turn. This was stated in our previous press release that Thom Dammrich, president of the National Manufacturer Marine Association (NMMA), reaffirmed an increase in boat sales provides an early indicator that a recovery in new boat sales is coming.

Latitude Industries will continue to update the market soon on the exciting events starting to take place.

About Latitude Industries

Latitude Industries exist to bring together a conglomerate of companies dedicated to the pursuit of fun and adventure in the outdoor world by providing the best supplier of power sports and boating-related products with outstanding service and value to every customer. Our goal is to treat all of our customers even better than they expect to be treated so that they regard us as the best in our industry. It is always our priority to achieve superior financial returns for the benefit of our associates, customers and shareholders.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

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